Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.

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Itafos Inc

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Comment by kisstopherpon Aug 04, 2015 8:26am

174 Views

Post# 23986081

RE:RE:RE:RE:RE:RE:RE:RE:AM I WRONG ?

potvoor2015 wrote: Huge conflict of interest if B & A ??? It does make sense though...BUT ...one could argue it was in their best interest to push MBCAC to the brink. Equity shareholders need better representation.

This is not the first time something like this has happened were a major shareholder bring the S/P down to acuqire the company for pennies no the dollar.

The same could have been said of Antofagasta bought Duluth Metals. At leaset they eneded up getting equity for thier shareholders at a time when copper is un-economic to produce at $2.50.

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